Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares traded up 2% on Wednesday . The stock traded as high as $115.65 and last traded at $114.55. 2,069,633 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 10,230,036 shares. The stock had previously closed at $112.34.
Wall Street Analyst Weigh In
VRT has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Finally, Morgan Stanley lowered their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $122.38.
View Our Latest Stock Analysis on Vertiv
Vertiv Trading Down 0.5%
The business's fifty day simple moving average is $88.38 and its 200 day simple moving average is $105.12. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market cap of $42.78 billion, a P/E ratio of 87.70, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.
Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The company's revenue was up 24.2% on a year-over-year basis. As a group, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. Vertiv's payout ratio is currently 8.72%.
Insider Transactions at Vertiv
In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.63% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Vertiv
A number of institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its position in shares of Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after acquiring an additional 3,682 shares during the period. Sound View Wealth Advisors Group LLC acquired a new position in Vertiv during the fourth quarter valued at approximately $1,218,000. Schroder Investment Management Group grew its holdings in Vertiv by 95.3% during the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after purchasing an additional 569,722 shares during the period. Bedell Frazier Investment Counselling LLC acquired a new position in Vertiv during the fourth quarter valued at approximately $415,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Vertiv by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock valued at $198,376,000 after purchasing an additional 45,917 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.
Vertiv Company Profile
(
Get Free Report)
Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
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